📊 The relationship between price and trading volumes
1️⃣ Strength of the uptrend
Price rises with an increase in trading volumes → Indicates positive momentum and continuation of the trend.
2️⃣ Near the end of the uptrend
Price rises with a decrease in trading volumes → Sign of potential weakness of buyers and approaching distribution.
3️⃣ Strength of the downtrend
Price falls with an increase in trading volumes → Indicates strong selling momentum and continuation of the decline.
4️⃣ Near the end of the downtrend
Price falls with a decrease in trading volumes → Sign of potential weakness of sellers and approaching formation of a bottom.
5️⃣ Indicators of the end of the rise
Very high volume appears at peaks or after a rising wave → Indicates strong selling and distribution.
6️⃣ Indicators of the end of the decline
Very high volume appears at troughs or after a falling wave → Indicates the entrance of liquidity and strong buying.
✍️ These rules are fundamental to technical analysis for understanding the balance of market forces between buyers and sellers, and distinguishing between trend continuation or reversal.
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